Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Coupang, Inc. regarding a class action lawsuit due to allegations of misleading statements and inadequate cybersecurity protocols that led to a data breach [1][3]. Group 1: Allegations - The complaint alleges that during the class period from May 7, 2025, to December 16, 2025, Coupang had inadequate cybersecurity protocols, allowing a former employee to access sensitive customer information for nearly six months without detection [3]. - The allegations further state that this situation subjected Coupang to a heightened risk of regulatory and legal scrutiny [3]. - It is claimed that when the defendants became aware of the data breach, they failed to report it in compliance with SEC reporting rules, rendering their public statements materially false and misleading [3]. Group 2: Class Action Details - Shareholders who purchased shares of Coupang during the specified class period are encouraged to register for the class action, with a deadline set for February 17, 2026 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions that led to stock inflation [5].

Core Viewpoint - U.S. investors, including Abrams Capital, Durable Capital Partners, and Foxhaven, are legally challenging the Republic of Korea's government over discriminatory practices against Coupang, Inc. and other U.S. companies [1] Group 1: Legal Challenge - The U.S. investors have joined forces with Greenoaks and Altimeter to file arbitration claims under the U.S.-Korea Free Trade Agreement [1] - The legal action aims to address perceived discrimination against Coupang, Inc. by the ROK Government [1]

Core Viewpoint - Levi & Korsinsky, LLP has announced a class action securities lawsuit on behalf of Coupang, Inc. investors, alleging securities fraud related to inadequate cybersecurity protocols and failure to report a data breach [1] Group 1: Lawsuit Details - The lawsuit seeks to recover losses for Coupang, Inc. investors affected by alleged securities fraud between May 7, 2025, and December 16, 2025 [1] - The complaint alleges that Coupang had inadequate cybersecurity measures that allowed a former employee to access sensitive customer information for nearly six months without detection [1] - It is claimed that the company faced a materially heightened risk of regulatory and legal scrutiny due to this breach [1] Group 2: Reporting and Compliance Issues - The defendants allegedly failed to report the data breach in a timely manner as required by U.S. Securities and Exchange Commission (SEC) reporting rules [1] - The public statements made by the defendants were claimed to be materially false and/or misleading during the relevant time period [1] Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until February 17, 2026, to request to be appointed as lead plaintiff [1] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [1] Group 4: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [1]

Core Insights - Coupang, Inc. experienced a significant drop in share price, falling over 13% due to a report of an additional 165,000 user data being leaked, compounding the previously reported 33 million users affected by a major security breach [1][2] - The interim CEO, Harold Rogers, is under investigation for potential perjury related to statements made about the breach, specifically regarding the involvement of the Korean government in the investigation [2] - A securities class action lawsuit has been initiated, representing investors who acquired Coupang securities between May 7, 2025, and December 16, 2025, due to alleged misleading statements about the company's cybersecurity measures [3][4] Company Developments - The data breach reportedly affected 33.7 million accounts and was executed by a former employee using authentication keys that remained valid post-departure, leading to a $1.2 billion compensation plan and the resignation of the CEO, resulting in a loss of over $8 billion in market value [4] - Following the class period, Coupang filed a report with the SEC indicating that its investigation was conducted under the direction of the government, which raises questions about the accuracy of previous statements made by the company [5] - The investigation is focused on why Coupang's security measures failed to detect unauthorized access to sensitive customer data by a former employee [6]

Core Viewpoint - Coupang, Inc. is facing significant challenges following a major data breach that has led to a substantial drop in share price and legal actions against the company [1][4]. Group 1: Data Breach and Financial Impact - On February 5, 2026, Coupang's shares fell over 13% after a report revealed an additional 165,000 users' data was leaked, compounding the previously reported 33 million users affected [1]. - The breach, which impacted 33.7 million accounts, was allegedly executed by a former employee using authentication keys that remained valid long after their departure, resulting in a $1.2 billion compensation plan and a CEO resignation, wiping out over $8 billion in market value [4]. Group 2: Legal and Regulatory Developments - An interim CEO, Harold Rogers, is under investigation by South Korean authorities for potential perjury related to statements made about the breach during a National Assembly hearing [2]. - A securities class action lawsuit has been initiated, seeking to represent investors who acquired Coupang securities between May 7, 2025, and December 16, 2025, alleging that the company misled investors about its cybersecurity measures [3][4]. Group 3: Company Statements and Investigations - Following the breach, Coupang filed a report with the SEC stating that its investigation was conducted under the direction of the government, which has raised questions about the accuracy of previous statements made by the company [5]. - The firm Hagens Berman is leading an investigation into the claims, focusing on why Coupang's threat visibility failed to detect the former employee's access to sensitive customer data [6].

Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly misleading investors regarding its cybersecurity practices, leading to significant losses during the specified class period from May 7, 2025, to December 16, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Coupang's inadequate cybersecurity allowed a former employee to access sensitive customer information for nearly six months without detection [3]. - As a result of the cybersecurity incident, Coupang's CEO resigned, which contributed to the decline in investor confidence and financial losses [3]. Group 2: Investor Information - Investors who purchased Coupang securities during the class period have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - Interested investors can contact Berger Montague for more information regarding their rights and the lawsuit [4]. Group 3: Law Firm Background - Berger Montague is a prominent law firm specializing in complex civil litigation and class actions, with a history of recovering over $50 billion for clients [5]. - The firm has achieved more than $2.4 billion in post-trial judgments in 2025 alone, indicating its strong position in the legal field [5].

Group 1: Company Overview - Coupang, Inc. (NYSE:CPNG) is an online retail company headquartered in Seattle, providing services such as retail, video streaming, restaurant delivery, and fintech globally under various brands including Coupang, Coupang Eats, Coupang Play, and Farfetch [4] Group 2: Recent Developments - On February 5, Bernstein initiated coverage of Coupang, Inc. with an Underperform rating and a $17 price target, indicating a preference for companies with strong growth potential driven by online penetration rates and AI leadership [1] - Coupang confirmed a data breach affecting an additional 165,000 users, which has implications for its relationship with the United States, as reported by Reuters [2] - The company identified customers affected by a previous data leak in November, ensuring that no login information or payment details were compromised, and notified the users as per government guidance [3] Group 3: Market Insights - Bernstein noted that the e-commerce and food delivery sectors in Korea are showing limited growth opportunities, and the country has lower online penetration rates compared to China and the United States [1]

Core Insights - The South Korean government attributed a significant data leak at Coupang to management failures rather than a sophisticated cyberattack, urging the company to enhance its security systems [1][3]. Investigation Findings - A government-led probe revealed that a former Coupang engineer exploited flaws in the authentication process, leading to unauthorized access from April to November, with prior attempts in January [2][4]. - The breach compromised personal data of approximately 33.7 million customers, including names and phone numbers [4]. Company Response - Coupang stated it would take necessary measures to prevent future incidents and claimed that the data accessed did not include payment or login information [5][6]. - The company acknowledged that data from around 3,000 user accounts was deleted and asserted that no secondary harm had occurred [6]. Security Concerns - The ministry criticized Coupang for inadequate security measures, particularly for failing to invalidate the signing key of the former employee who had access to the authentication system [7][8]. - Recommendations were made for Coupang to implement a detection and blocking system for unauthorized electronic access [8]. Legal and Regulatory Issues - Coupang is facing a tax audit and a legal complaint from the South Korean parliament due to non-compliance with parliamentary hearings [10]. - The company is also accused of violating information-network laws by not reporting the breach within the mandated 24-hour period, which could result in an administrative fine of up to 30 million won (approximately $20,596) [11].

Core Viewpoint - South Korean authorities have identified security vulnerabilities in Coupang's systems, which led to a significant data leak at the company [1] Group 1 - Coupang, a major player in the e-commerce sector, is under scrutiny for its security measures following a data breach [1] - The authorities have mandated that Coupang must address and rectify the identified security flaws to prevent future incidents [1]

New York, New York--(Newsfile Corp. - February 9, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Coupang, Inc. (NYSE: CPNG) between August 6, 2025 and December 16, 2025, both dates inclusive (the "Class Period"), of the important February 17, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.SO WHAT: If you purchased Coupang securities during the Class Period you may be entitled to compensation without payment of any out ...